Brasada Capital Management LP decreased its stake in Valero Energy Co. (NYSE:VLO) by 49.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,094 shares of the oil and gas company’s stock after selling 1,066 shares during the period. Brasada Capital Management LP’s holdings in Valero Energy were worth $82,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. FMR LLC raised its stake in shares of Valero Energy by 71.1% in the second quarter. FMR LLC now owns 16,436,742 shares of the oil and gas company’s stock worth $1,821,684,000 after purchasing an additional 6,831,581 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of Valero Energy by 3.3% in the second quarter. Advisors Asset Management Inc. now owns 96,780 shares of the oil and gas company’s stock worth $10,726,000 after purchasing an additional 3,070 shares during the last quarter. First Hawaiian Bank purchased a new stake in shares of Valero Energy during the third quarter valued at approximately $1,224,000. Andra AP fonden increased its position in shares of Valero Energy by 2.4% during the third quarter. Andra AP fonden now owns 63,500 shares of the oil and gas company’s stock valued at $7,223,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Raymond James Trust N.A. increased its position in shares of Valero Energy by 6.9% during the third quarter. Raymond James Trust N.A. now owns 17,025 shares of the oil and gas company’s stock valued at $1,937,000 after acquiring an additional 1,101 shares during the last quarter. Institutional investors and hedge funds own 80.90% of the company’s stock.
In other news, Director Randall J. Weisenburger acquired 25,000 shares of Valero Energy stock in a transaction on Tuesday, December 11th. The stock was acquired at an average cost of $72.74 per share, with a total value of $1,818,500.00. Following the completion of the acquisition, the director now owns 53,717 shares in the company, valued at $3,907,374.58. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.41% of the stock is currently owned by corporate insiders.
Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, January 31st. The oil and gas company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.03 by $1.09. Valero Energy had a return on equity of 13.60% and a net margin of 2.67%. The business had revenue of $28.73 billion during the quarter, compared to analyst estimates of $23.26 billion. Analysts anticipate that Valero Energy Co. will post 7.48 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 5th. Shareholders of record on Wednesday, February 13th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 4.31%. This is a positive change from Valero Energy’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Tuesday, February 12th. Valero Energy’s dividend payout ratio is 43.42%.
A number of brokerages recently commented on VLO. Credit Suisse Group raised Valero Energy from a “neutral” rating to an “outperform” rating and decreased their price target for the company from $135.00 to $120.00 in a research report on Thursday, November 1st. Mizuho set a $110.00 price target on Valero Energy and gave the company a “hold” rating in a research report on Wednesday, November 28th. ValuEngine raised Valero Energy from a “sell” rating to a “hold” rating in a research report on Monday, November 26th. Raymond James decreased their price target on Valero Energy from $105.00 to $100.00 and set an “outperform” rating for the company in a research report on Monday, December 31st. Finally, Wells Fargo & Co decreased their price target on Valero Energy from $141.00 to $135.00 and set a “buy” rating for the company in a research report on Friday, October 26th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $112.01.
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Valero Energy Company Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.
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